Services Provided by Property Accountants

Posted by Amit Gupta on December 19th, 2019

The business of real estate is on a high rise and one must hire a good accountant to look into all the financial matters relating to their properties. To solve this problem, you may hire a qualified property accountant who would look into the matter of finances relating to your property. Property accounts work on the financial side of the real estate. These are the certified individuals who look after all the nuances of finances in terms of real estate, thereby saving you from any fiscal issue in terms of buying, selling or renting any property.

Property accountants usually specialise in addressing the many financial requirements which are needed to buy and sell the real estate. The job responsibilities of these property accountants mainly include maintaining the records of assets and funds, preparing the portfolios for their clients, drawing up budgets, setting up escrow accounts, preparing statements, and many others.

Property accountants work with a broad range of clients, thereby developing a multitude of services and providing their best to their clients. Following are the important services which are extended by property accountants:

1.     Accounting services:

This includes accurate accounting which fulfils all the obligations of your accounts and helps you grow into a successful and profitable business.

2.     Cloud Accounting:

These days property accountants also carry out the service of cloud accounting. Using this method, you get a better overview as well as control over the finances of your real estate business. Cloud accounting simply refers to software accounting which is hosted on remote servers.

3.     Different kinds of audit:

Carrying out an error-free audit is one of the most important services extended by the property accountants. The audit that they are asked to carry out can be of any type – business, charity, or academic. Under the process of auditing, the accounts are looked in for errors and maintained timely.

4.     Taxation:

Apart from auditing your accounts and updating them from time to time, property accountants also make sure to understand all your tax obligations so that you could plan ahead and conduct all your affairs of tax in a more efficient manner.

You must hire a property accountant who is able to look into all the services listed above.

About the Author:

Amit Gupta, Director, Allenby Accountants.

Allenby Accountants is an independent accounting firm, located in Uxbridge, West London. We are accountants, business advisers, offering financial services and helping you to achieve your business ambitions. Our offered range of services include accounting, bookkeeping, tax management, VAT management, tax planning, Inheritance tax, capital gains tax issues, succession planning, etc. We specialise in offering services to sectors like medical & healthcare, retail industry, professional services, property & construction industry, charity and not-for-profit organisations and more.